FX Primus Ltd.

FX Primus Ltd.

October 04, 2012 23:07 ET

FXPRIMUS' Mario Sant Singh: USD Downside Spurs Risk Currencies and Gold

FXPRIMUS Director of Education & Training Answers Your Top Forex Question

EBÈNE, MAURITIUS--(Marketwire - Oct. 5, 2012) - During September, leading global foreign exchange trader, educator and author Mario Sant Singh, looked at risk currencies and precious metals, in his AskMarioSingh.com blog, "Your toughest Forex Questions answered daily".

Risk currencies including the EUR, GBP, AUD, NZD and CAD rallied against the USD and the JPY against a background of lacklustre hiring in the US Non-Farm Payroll (NFP), and the GBP demonstrated near-term upside on the back of positivism for the European Central Bank (ECB) bond purchasing programme and the German approval of the European Stability Mechanism (ESM), and because of USD weakening after the Federal Reserve announced another round of monetary stimulus.

Mario also looked at the Gold and Silver rally as an investment hedge in the light of quantitative easing bringing further inflation and currency value loss, and speculative forward upside on possible intervention by the Bank of Japan (BOJ) to support the Yen.

Click here to read this week's Market Brief of the Week. Mario's Daily Market Report articles also keep traders up to date.

The views of Mario Sant Singh - who is Director or Training & Education at FXPRIMUS, are widely sought after in the Forex industry. His popular blog, his weekly market webinar, his briefs and reports provide direct channels for some of the best-informed educational resources that new and experienced traders can access to improve their knowledge of Forex and related investment markets.

During September, the top ten Forex trading questions (click the links for the answers) were:

1. I read from Bloomberg that Gold might hit USD2,000 by Christmas. What are your thoughts?

2. Why is the GBPUSD so strong?

3. The USDJPY plunged to around 78. Is there any possibility that the Bank of Japan (BOJ) will intervene?

4. Why did the USD fall against the CAD and the AUD despite positive US employment data?

5. How low do you think the AUDUSD pair will go?

6. Do you have a formula to calculate appropriate lot size if my account is denominated in SGD for trading USD and non-USD pairs?

7. Do you think mirror trading is a good way to sustain a good amount of passive income?

8. Where does the money come from when a trader wins a trade?

9. With a 1:2 risk-reward ratio, does that mean we could achieve a 6% minimum targeted return in one trade?

10. How do you confirm a breakout?

Have a new question for Mario? Then ask him online at AskMarioSingh.com, and sign up to receive Mario's Forex Answer of the Day, by email.

ABOUT MARIO SANT SINGH

Mario Singh is the Director of Trading & Education at global retail Forex brokerage FXPRIMUS. He has appeared as a guest expert on CNBC more than 35 times to talk about foreign exchange markets, and is a regular contributor to top investment publications and online portals. Known as a brilliant and intense communicator with a unique ability to 'keep Forex simple' and a mission to help every man-in-the-street to trade profitably and responsibly in the Forex market, more than 20,000 people have attended his Forex trading programs. He is the only Forex trader in Asia invited to train Julius Baer Private Bankers - the third largest Swiss Bank, and is the author of the forthcoming book: How to Profit in the Forex Market: 17 Proven Strategies (Wiley Publishing).

ABOUT FXPRIMUS

FXPRIMUS offers retail traders a level of trade execution, service quality and fund safety that are normally reserved only for the largest investors. Serving traders in 205 countries across 6 continents FXPRIMUS combines an unmatched level of fund safety with regular independent audits of company financials and Straight Through Processing, top notch execution with tight spreads, prompt and responsive customer support, ISO 27001 certification in Information Security and an industry-leading trader toolset that includes free access to powerful trader tools and personal coaching via FXPRIMUS Coach FXPRIMUS truly is The Safest Place To Trade.

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